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Canada Shifts Toward China With $15 Billion Nexen Bid
Cnooc last year acquired Nexen's partner Opti Canada Inc., which held a minority stake in the Long Lake project, a production operation that uses steam to melt underground seams of tar-like bitumen and refines it in giant vats called upgraders.
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Cnooc Hired U.S. Lobbyists Prior to Nexen Announcement
�We bought energy assets in the U.S. before and we have experience on how to get regulatory clearance,� Cnooc Chief Executive Officer Li Fanrong said on a conference call with reporters on July 23.
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SEC Freezes Trader Assets in Probe of Cnooc's Nexen Bid
Data compiled by Bloomberg showed trading in bullish Nexen options reached the highest level since 2008 before Cnooc announced it would buy the energy company. A total of 47,302 calls traded on the company's U.S. shares last week, with bullish ...
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Cnooc Said to Seek $5 Billion of Offshore Debt for Nexen Buy
Nexen's oil and gas assets include production platforms in the North Sea, the Gulf of Mexico and in Nigeria, as well as oil-sands reserves at Long Lake, Alberta, where it already produces crude in a joint venture with Cnooc. Its board recommended the ...
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Davis Polk, Paul Weiss, Clifford Chance: Business of Law
Nexen will give Cnooc assets in Canada, the U.K., West Africa and the Gulf of Mexico that produced 207,000 barrels a day in the second quarter, boosting the Chinese company's output by about 20 percent.
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